Romanian Energy Storage Company Joins Global Energy Elite

Prime Batteries Technology, a leading Romanian battery manufacturer, has achieved a major milestone by securing a spot in BloombergNEF’s prestigious Tier 1 list of top global energy storage equipment producers. This marks the first time a Romanian company has entered this elite ranking, highlighting Romania’s rising influence in sustainable energy solutions. The recognition underscores Prime Batteries’ commitment to innovation and reliability in clean energy storage.

Founded in 2016 near Cernica in Ilfov county, Prime Batteries began production with a focus on high-efficiency lithium-ion systems. Key partnerships accelerated its growth, including EIT InnoEnergy’s entry in 2022 and recent investment from German fund T2Y Capital. A joint venture with South Korea’s Top Material for active battery materials production further strengthens its supply chain, positioning it as one of Europe’s few independent players.

The company reported robust results for 2024, with turnover reaching EUR 55 million, up 34% year-over-year, and net profit climbing 20% to EUR 10 million. These figures reflect operational excellence and investor confidence in Prime’s scalable model.

Tier 1 Status Explained

BloombergNEF’s Tier 1 designation evaluates manufacturers on financial stability, project delivery track record, technological innovation, and market impact. Qualifying requires submitting at least six eligible projects over two years, a benchmark Prime has met through deployments of renewable integration projects across Europe. This “bankability” seal boosts access to large-scale financing for energy storage megaprojects.

Prime’s systems optimise renewable energy use by minimising losses in solar and wind applications, reducing grid dependency and costs by up to 20% via smart manufacturing. As global demand for storage surges, the company’s eco-friendly processes support the shift to low-carbon power. This achievement not only elevates Romanian tech on the world stage but also accelerates the clean energy transition.